Dow futures slip ahead of holiday, FOMC minutes in focus
By Oliver Gray
Investing.com - U.S. stock futures were trading lower during Sunday’s evening deals ahead of Monday’s public holiday, after major benchmark averages finished the previous week in a mixed fashion as investors digested hotter than expected inflation data as well as a deluge of earnings results.
By 6:40pm ET (11:40pm GMT) Dow Jones Futures were 0.1% lower while S&P 500 Futures and Nasdaq 100 Futuresdeclined 0.2% apiece.
Ahead in the week, market participants will be looking towards preliminary services and manufacturing PMIs, existing home sales, FOMC meeting minutes, GDP and PCE data as well as personal spending and Michigan consumer sentiment and expectations. Meanwhile, speeches from Williams, Bostic, Mester and Fed Governor Jefferson will also be closely monitored.
On the earnings front, companies including Walmart Inc (NYSE:WMT), Home Depot Inc (NYSE:HD), Medtronic (NYSE:MDT) and Palo Alto Networks Inc (NASDAQ:PANW) are set to report later in the week.
During Friday’s trade, the Dow Jones Industrial Average added 129.8 points or 0.4% to 33,826.7, the S&P 500 fell 11.3 points or 0.3% to 4,079.1 and the NASDAQ Composite lost 68.6 points or 0.6% to 11,787.3. For the week, the Dow fell 0.2%, the S&P 500 lost 0.4% and the Nasdaq added 0.3%.
On the bond markets, United States 10-Year rates were at 6-week highs of 3.822%.
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